The Marcos administration plans to raise P630 billion in the third quarter of the year by issuing treasury bills and bonds.
Based on the Bureau of the Treasury memorandum, the government aims to secure P260 billion through treasury bills auctions scheduled from July to September.
The bureau also seeks to raise an additional P370 billion through treasury bond offerings.
The treasury bills auctions, slated for each Monday throughout the quarter, will target a program of P20 billion per auction, an increase from the previous volume of P15 billion per auction.
The breakdown includes P6.5 billion for both the 91-day and 182-day securities and P7 billion for the 364-day IOUs.
Meanwhile, the treasury bonds auctions, taking place every Tuesday, will feature planned offering volumes ranging from P25 billion to P30 billion per auction.
The upcoming auctions in July, August, and September will have various bond tenors, including five, seven, 10, 14, and 20 years.